News

Chinese authorities worried that a large armada of online lenders would leverage Tencent’s credit-scoring services to market suspicious financial products.

The funding will help the startup explore opportunities in e-commerce.

Plus, Asia Law Network has expanded its Quick Consult service to Hong Kong, Thailand, Vietnam, Australia and Indonesia. India will move to stamp out use of cryptocurrencies.

Highlights from the past week, as well as something cool for the weekend.

Plus, Tencent, Alibaba is buying 33 percent in Ant Financial. Saudi Arabia’s state-owned oil giant and Google parent Alphabet are in talks to build a technology hub.

Ant Financial has expanded its footprints outside of China, through offering services or investing in local players, in countries like India, South Korea, Singapore, Thailand, Malaysia, the US, Japan,

HLA is China’s leading menswear brand with more than 5000 stores across the country.

Ping An is the world’s 2nd largest insurer by market value only behind Berkshire Hathaway.